The decline in consumer spend on payment cards due to COVID-19 related restrictions is eating into financial institutions’ interchange revenue in a big way. As the American Banker reported, interchange on large travel related purchases on credit cards created the initial impact. Debit cards saw an initial surge when...
By Jim Dobbs - Reporter, American Banker Stay-at-home orders and travel restrictions aimed at slowing the spread of coronavirus are disrupting consumer spending and crimping an important source of fee income for banks. At issue: Credit and debit card use has declined, causing a substantial decrease in...
On May 5 and 6, Mark Sievewright and CU Ledger's CEO, John Ainsworth, will co-host a series of C-level discussions with Credit Union leaders regarding the current and likely future impacts of the COVID-19 pandemic. This invitation-only event will focus on the theme of "New...
Credit Union Journal featured views from Mark Sievewright in its lead article today titled, "Card Revenues Could See Double-Digit Declines from Coronavirus Impacts". Sievewright is forecasting a decline of between 8-10% in 2019 payments revenues for financial institutions driven mostly by reduced Interchange Income and offered...
On April 28, Mark Sievewright moderated a national virtual event hosted by the Credit Union National Association (CUNA). More than 100 Credit Union executives from around the U.S. participated in the event which was focused on the Credit Union Movement's response to the COVID-19 pandemic...
Sievewright & Associates is collaborating with CU Engage, a nationwide credit union consulting company, to provide a holistic, “outside-in” perspective starting with strategy and delivering results; through proven processes leveraging financial services industry veterans, and over 290 years of financial services experience....
Mark Sievewright to co-host a webinar with FI Navigator - 2020 Vision: Securing the Future for your Credit Union in a new Era of Financial Services Date: Thursday, February 13, 2020 Time: 2 PM ET - Duration: 45 minutes Unquestionably, the financial services industry is in the midst of the...
Perspectives Reports are available exclusively to members of the Strategic Leadership Series. Learn more about the Strategic Leadership Series here....
Perspectives Reports are available exclusively to members of the Strategic Leadership Series. Learn more about the Strategic Leadership Series here....
Perspectives Reports are available exclusively to members of the Strategic Leadership Series. Learn more about the Strategic Leadership Series here....
